cratic Party (PSD), Anibal CAVACO Silva; Portuguese
Socialist Party (PS), Antonio GUTERRES; Party of Democratic Renewal
(PRD), Pedro CANAVARRO; Portuguese Communist Party (PCP), Carlos
CARVALHAS; Social Democratic Center (CDS), Manuel MONTEIRO; National
Solidarity Party (PSN), Manuel SERGIO; Center Democratic Party (CDS);
United Democratic Coalition (CDU; Communists)
Member of:
AfDB, Australian Group, BIS, CCC, CE, CERN, COCOM, CSCE, EBRD, EC,
ECE, ECLAC, EIB, FAO, GATT, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, IDA,
IEA, IFAD, IFC, ILO, IMF, IMO, INMARSAT, INTELSAT, INTERPOL, IOC, IOM,
ISO, ITU, LAIA (observer), LORCS, MTCR, NACC, NAM (guest), NATO, NEA,
NSG, OAS (observer), OECD, PCA, UN, UNCTAD, UNESCO, UNIDO, UNOMOZ,
UNPROFOR, UPU, WCL, WEU, WHO, WIPO, WMO, WTO, ZC
Diplomatic representation in US:
chief of mission:
Ambassador Francisco Jose Laco Treichler KNOPFLI
chancery:
2125 Kalorama Road NW, Washington, DC 20008
telephone:
(202) 328-8610
FAX:
(202) 462-3726
consulate(s) general:
Boston, New York, Newark (New Jersey), and San Francisco
consulate(s):
Los Angeles, New Bedford (Massachusetts), and Providence (Rhode
Island)
US diplomatic representation:
chief of mission:
(vacant); Charge d'Affaires Sharon P. WILKINSON
embassy:
Avenida das Forcas Armadas, 1600 Lisbon
mailing address:
PSC 83, Lisbon; APO AE 09726
telephone:
[351] (1) 726-6600 or 6659, 8670, 8880
FAX:
[351] (1) 726-9109
consulate(s):
Ponta Delgada (Azores)
Flag:
two vertical bands of green (hoist side, two-fifths) and red
(three-fifths) with the Portuguese coat of arms centered on the
dividing line

@Portugal, Economy

Overview:
Portugal's economy registered only 1.1% growth in 1992 and contracted
by 0.4% in 1993, in contrast to the 4.5% average of the fast-paced
1986-90 period. Recession in the European Union, which accounts for
75% of Portugal's international trade, is the key factor in the
downturn. The government's long-run economic goal is the modernization
of Portuguese markets, industry, infrastructure, and workforce in
order to catch up with productivity and income levels of the more
advanced EU countries. Per capita income now equals only 55% of the EU
average. The government's medium-term economic objective is to be in
the first tier of EU countries eligible to join the economic and
monetary union (EMU) as early as 1997. Economic policy in 1993 focused